Nonprofit · EIN 27-1802630
COVENANT CLASSICAL SCHOOL
Tax-exempt · NAPERVILLE, IL 60540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,921,614 | $1,468,851 | $452,763 | $1,534,729 | $529,252 | $1,005,477 |
| June 30, 2024 | 990 | $1,619,873 | $1,656,232 | -$36,359 | $1,240,720 | $688,006 | $552,714 |
| June 30, 2023 | 990 | $1,609,842 | $1,629,850 | -$20,008 | $1,483,932 | $894,859 | $589,073 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $522,251
- Program service revenue
- $1,362,143
- Investment income
- $29,453
- Net rental income
- $3,820
- Net gain from sales of assets
- -$141
- Net income from fundraising events
- $629
- Other revenue
- $7,767
Expenses
- Grants and similar amounts paid
- $153,496
- Compensation of officers, directors and key employees
- $153,797
- Other salaries and wages
- $508,149
- Salaries, compensation and benefits (total)
- $835,813
- Professional fundraising fees
- $0
- Legal fees
- $5,582
- Accounting fees
- $20,102
- Occupancy
- $205,292
- Depreciation
- $10,318
- Program services (functional)
- $947,869
- Management and general (functional)
- $450,386
- Fundraising (functional)
- $70,596
Balance sheet and other
- Total assets, start of year
- $1,240,720
- Total assets, end of year
- $1,534,729
- Total liabilities, end of year
- $529,252
- Net assets, end of year
- $1,005,477
- Land, buildings and equipment
- $35,235
- Net assets without donor restrictions
- $1,005,477
- Gross receipts
- $1,926,791
- Employees
- 30
- Volunteers
- 25
- Year formed
- 2010
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOM STONER | HEAD OF SCHOOL Officer | 55 | $147,078 | $6,719 |
| DAVID YANG | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| DANDRAE LARRY | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| KATRINA ERZINGER | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ANGELA CASTALDO | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JOSHUA FOGARTY | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOM STONER | HEAD OF SCHOOL Officer | 55 | $144,060 | $14,881 |
| JOSHUA FOGARTY | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| DANDRAE LARRY | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| REBECCA LARSON | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| CARLO BRITTO | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CAROLINE JONES | DIRECTOR Trustee or director | 3 | $0 | $0 |
| TIM BEALERT | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LINDSAY TULLY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ANGELA CASTALDO | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DAVID YANG | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TOM STONER | HEAD OF SCHOOL Officer | 55 | $147,135 | $25,785 |
| TIM BEALERT | CO-CHAIRPERSON Trustee or director, Officer | 4 | $0 | $0 |
| CAROLINE JONES | CO-CHAIRPERSON Trustee or director, Officer | 4 | $0 | $0 |
| ASHLEY CE WU | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MITCH BACKES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VINCE BACOTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| REBECCA LARSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARLO BRITTO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSHUA FOGARTY | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1571 OSWEGO RD, NAPERVILLE, IL 60540-3303
- In care of
- % SHARON WELDY
- Principal officer (990 for 2024)
- DAVID YANG, 1571 OSWEGO ROAD, NAPERVILLE, IL 60540
- Signed the 990
- DAVID YANG, BOARD CHAIRPERSON
- Phone
- (630) 983-7500
- Return prepared by
- DUGAN & LOPATKA CPA'S PC
Mission
TO PROVIDE AN EXCELLENT EDUCATION IN THE CLASSICAL TRADITION THAT HONORS JESUS CHRIST AS THE BEGINNING AND END OF ALL TRUTH.
Program accomplishments
- COVENANT PROVIDES 70 FAMILIES IN CHICAGO'S WESTERN SUBURBS WITH A PRIVATE SCHOOL OPTION FOR 100 STUDENTS IN KINDERGARTEN THROUGH TENTH GRADE. THE SCHOOL YEAR CONSISTS OF APPROXIMATELY 170 DAYS OF SCHOOL AND CLASSES ARE TAUGHT BY APPROXIMATELY 25 FACULTY AND STAFF BETWEEN THE HOURS OF 8AM AND 3PM.Expenses $947,869 · grants $153,496 · revenue $1,365,461
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1802630
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,534,729
- Income (IRS master file)
- $1,926,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,921,614 | $1,468,851 | $1,534,729 | XML |
| 990 | June 2024 | $1,619,873 | $1,656,232 | $1,240,720 | XML |
| 990 | June 2023 | $1,609,842 | $1,629,850 | $1,483,932 | XML |
| 990 | June 2022 | $1,579,941 | $1,616,956 | $1,076,120 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1802630).
Questions about COVENANT CLASSICAL SCHOOL
- What is the EIN of COVENANT CLASSICAL SCHOOL?
- The employer identification number (EIN) of COVENANT CLASSICAL SCHOOL is 27-1802630.
- Is COVENANT CLASSICAL SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to COVENANT CLASSICAL SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COVENANT CLASSICAL SCHOOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COVENANT CLASSICAL SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVENANT CLASSICAL SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COVENANT CLASSICAL SCHOOL?
- The 990 for the year ended June 30, 2025 names DAVID YANG.
- Who are the officers and directors of COVENANT CLASSICAL SCHOOL?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $147,078 (TOM STONER, HEAD OF SCHOOL).
- How much revenue does COVENANT CLASSICAL SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,921,614, expenses of $1,468,851 and total assets of $1,534,729 at year end.
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